SunSirs--China Commodity Data Group

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SunSirs: The Cost of Replenishing Inventory after the Holiday Had Increased, and the Market for OX Was Temporarily Stable This Week

February 19 2024 09:52:32     SunSirs (John)

The price of OX was temporarily stable this week

According to the Commodity Market Analysis System of SunSirs, as of February 18th, the price of OX was 8,000 RMB/ton, which was temporarily stable compared to the price of OX on February 1st, which was 8,000 RMB/ton. Post holiday restocking, the prices of xylene raw materials rose, and the costs of OX rose; The price of OX was temporarily stable after the holiday.

After the holiday, the price of xylene raw materials had increased

According to the xylene commodity market analysis system of SunSirs, as of February 18th, the factory price of xylene at Sinopec Central China Branch had increased by 150-250 RMB/ton, Changling Petrochemical had quoted 7,500 RMB/ton for xylene, and Jingmen Petrochemical had quoted 7,400 RMB/ton for xylene; Luoyang Petrochemical offered a factory price of 7,100 RMB/ton for xylene. After the holiday, the price of xylene increased, and the cost of increased.

Market outlook

According to OX data analysts from SunSirs, after the holiday, customers replenished their inventory, resulting in an increase in the price of xylene and an increase in the cost of OX. Overall, the cost of OX had increased, and demand was average. It is expected that OX prices will remain strong and stable in the future.

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